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Warba Bank secures initial approval for $500M sukuk
Al-Rajya Bank announced that it has received preliminary approval from the Central Bank of Kuwait to issue sukuk worth 500 million US dollars within the first tier of capital, without any financial impact on its financial position. The report also showed an increase in the bank's net profits in the first quarter of 2026 by 13.8% year-over-year, reaching 5.51 million Kuwaiti dinars.
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